Analysts Set TMX Group Limited (TSE:X) PT at C$41.81

TMX Group Limited (TSE:X) has been assigned a consensus recommendation of “Hold” from the eight analysts that are presently covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$43.44.

Several research analysts have issued reports on the stock. CIBC raised their price target on shares of TMX Group from C$40.00 to C$43.00 in a report on Friday, July 19th. Scotiabank raised their price objective on shares of TMX Group from C$39.00 to C$43.50 in a research report on Wednesday, July 24th. Royal Bank of Canada lifted their price target on shares of TMX Group from C$44.00 to C$46.00 and gave the company an “outperform” rating in a research report on Thursday. Canaccord Genuity Group set a C$44.00 price target on shares of TMX Group and gave the company a “buy” rating in a research report on Friday, April 26th. Finally, BMO Capital Markets lifted their price target on shares of TMX Group from C$42.00 to C$44.00 in a research report on Wednesday, July 10th.

TMX Group Stock Down 1.4 %

X stock opened at C$40.80 on Friday. The firm has a 50-day moving average price of C$38.85 and a 200-day moving average price of C$36.43. The stock has a market capitalization of C$11.31 billion, a P/E ratio of 27.95, a price-to-earnings-growth ratio of 12.65 and a beta of 0.39. TMX Group has a 12 month low of C$28.32 and a 12 month high of C$42.50. The company has a current ratio of 1.00, a quick ratio of 0.01 and a debt-to-equity ratio of 54.91.

TMX Group (TSE:X) last released its quarterly earnings results on Thursday, May 2nd. The company reported C$0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.37 by C$0.01. TMX Group had a net margin of 13.67% and a return on equity of 10.16%. The firm had revenue of C$345.90 million during the quarter, compared to analyst estimates of C$338.61 million. As a group, equities research analysts anticipate that TMX Group will post 1.6098304 EPS for the current fiscal year.

TMX Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 16th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date of this dividend is Friday, August 16th. TMX Group’s payout ratio is 50.00%.

Insider Transactions at TMX Group

In other news, Senior Officer Cheryl Graden sold 146,115 shares of TMX Group stock in a transaction on Monday, June 3rd. The stock was sold at an average price of C$35.96, for a total transaction of C$5,254,295.40. In related news, Director Peter Alexander Conroy sold 13,965 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of C$36.19, for a total value of C$505,347.27. Also, Senior Officer Cheryl Graden sold 146,115 shares of the business’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of C$35.96, for a total value of C$5,254,295.40. Company insiders own 1.15% of the company’s stock.

TMX Group Company Profile

TMX Group Limited operates exchanges, markets, and clearinghouses primarily for capital markets in Canada, the United States, the United Kingdom, Germany, and internationally. It operates through four segments: Global Solutions, Insights & Analytics; Capital Formation; Derivatives Trading & Clearing; and Equities and Fixed Income Trading & Clearing.